Cryptocurrency Market Analysis: Is Bitcoin Challenging Historical Highs on 7.11? Ethereum's High-Range Fluctuation May Trigger a 'Crash', Exercise Caution and Hit the Brakes! Latest Market Analysis
Cryptocurrency Market Analysis: Bitcoin's Latest Market Analysis on 7.11
Article Published on 2025.7.11----00:10
Current Bitcoin Price: 111200. The analysis indicates that the upward momentum is weakening; thus, from a short-term perspective, the market may be in a strong consolidation phase, with prices fluctuating around the current resistance level. The short-term upward momentum is diminishing, and the risk of a pullback is increasing. Ultimately, it is suggested to maintain a bullish trend, but close attention should be paid to whether the price can hold the middle Bollinger Band and the key support level of 110000 in the short term. If the support fails, it may be prudent to consider staying out or setting short positions; if the price effectively breaks through 112000 again, long positions can be continued. Cautiously set stop losses, control position sizes, and avoid emotional trading.
Today's Reference Points:
Long Position Entry: 110000, Stop Loss: 109500, Target: 112000
Short Position Entry: 112000, Stop Loss: 112500, Target: 110500
Latest Ethereum Market Analysis
Before publication, the current price of Ethereum is 2765. The analysis indicates that Ethereum's upward trend is evident, having previously broken through earlier highs, but now experiencing stagnation and entering a high-range fluctuation phase. Technical indicators show weakening bullish momentum, and the market may enter a short-term adjustment or consolidation phase. Thus, from a short-term perspective, prices may fluctuate near the significant resistance level of 2820. If this position cannot be broken, a pullback may occur, with support levels at 2700 and 2560. Ultimately, it is advised to engage in high selling and low buying within the range of 2700 to 2820, paying attention to risk control and maintaining flexible responses, avoiding heavy positions.
Short-Term Strategy Reference:
Long Position Entry: 2700, Stop Loss: 2650, Target: 2800
Short Position Entry: 2820, Stop Loss: 2850, Target: 2700
The above is a brief analysis by the market analyst regarding the current market conditions, for investors' reference. $BTC